Mortgages

How about a dream mortgage for your dream house? Whether you are looking to purchase or refinance, Gold Coast has the mortgage options you need and the rates/terms that best fit your financial goals.

Once your loan is established, paying it back is easy! You can either transfer money from your Gold Coast savings or checking account within online/mobile banking, or you can make a payment using another financial institution’s credit or debit card.

Come to the Coast for the best mortgage choices available!

Conventional Mortgage

To best serve our members, Gold Coast has expanded our loan product suite to include first mortgages. For more information on any mortgage product, please call (561) 965-1000, press option 1 for loans, then option 1 for mortgages.

  • Fixed/Adjustable rates
  • Terms to 30 years
  • Conventional, FHA and VA loans
  • 30-day to 45-day closings, in most cases

5/1 Adjustable-Rate Mortgage (ARM)

The Gold Coast adjustable-rate mortgage program will help you enjoy a monthly payment that is lower than your typical conventional mortgage.

  • Offers a lower initial rate than a fixed-rate mortgage
  • Fixed interest rate for the first five years, then adjusts once a year.

0% Down/No PMI Mortgage Program

Purchase your home with no down payment.

  • 100% financing – NO down payment required – NO PMI:
    • 30-year fixed-rate first mortgage loan for 80% of purchase price and low closing costs
    • 20-year fixed-rate home equity loan for 20% of purchase price
  • Minimum loan amount of $100,000 for the purchase of a primary residence in Florida
  • Fixed rates with a rate lock for 60 days from the date of application

Mortgage for School Employees

If you are a school district employee in Palm Beach, Saint Lucie, Okeechobee County, or Martin County, you are eligible for a special mortgage program from Gold Coast.

  • 100% financing – NO down payment required – NO PMI:
    • 30-year fixed-rate first mortgage loan for 80% of purchase price and low closing costs
    • 20-year fixed-rate home equity loan for 20% of purchase price
  • Minimum loan amount of $100,000 for the purchase of a primary residence in Florida
  • Fixed rates with a rate lock for 60 days from the date of application
    • Rate discount
    • Loan fee discounted 50%
Introducing Our Home Improvement PLUS Loan

WE’RE GIVING MEMBERS MORE BORROWING POWER

We’re excited to launch Home Improvement PLUS, a new secured version of our popular unsecured Home Improvement Loan designed to give members greater borrowing power for their renovation projects. Be sure to share this exciting new loan with members.

Home Improvement PLUS offers loan amounts up to $250,000,
backed by eligible property, giving members a flexible and
affordable way to finance substantial upgrades.

Home Improvement PLUS Loan
Eligible property types include:

  • Single-family detached

  • Townhouse

  • Duplex

  • Warrantable condominium

  • Manufactured or modular homes that are stick‑built (constructed in units/sections and transported on a flatbed truck)
Program Highlights:

  • Secured loan.

  • This product will be used exclusively for home improvement.

  • Must be borrower’s primary home; second homes are not eligible.

  • Borrower must occupy the property.

  • Borrower must provide a bid/material list.

  • Terms available up to 20 years.

  • Must be at least a second lien position loan.

  • Combined loan to value available up to 133%.

PLEASE NOTE: Home Improvement PLUS is a great new addition, but we will still offer our unsecured Home Improvement loan with limits up to $50,000.

Home Improvement

  • Unsecured loan.

  • Primary residence (owner occupied), single-family detached and townhomes only.

  • Borrower must provide a bid/material list.

  • Terms available up to 15 years.

  • There must be no lien placed on property.

  • No appraisal is needed.

  • From application to funding, turnaround times are fast.

  • Borrower pays Florida state docs stamps and no additional closing cost.